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Seventh Generation Secures Gore Investment Fund's Backing To Buy Other Environment-Friendly Cleaning Products Firms

October 14, 2014: 12:00 AM EST
Seventh Generation secured $30 million in funding from Generation Investment Management, former U.S. Vice-President Al Gore's investment fund, to finance its planned acquisition of other green cleaning companies. With annual sales of more than $300 million, Seventh Generation wants to remain independent and privately owned instead of being acquired by a larger corporation. In 2013, Seventh Generation bought Bobble, a manufacturer of filtered water bottles, and more recently, it acquired Gamila Company's range of gourmet coffee and tea products.
Ariel Schwartz, "Seventh Generation Is Buying A Mini Empire Of Sustainable Companies", Fast Co Exist, October 14, 2014, © Mansueto Ventures, LLC.
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